The FMA is investigating 10 complaints of financial advisers who may be practising illegally, and warn the number could go higher as it introduces tough new legislation to weed out the "cowboys".

Today is being heralded as the dawn of a "new era of professionalism" for the financial services sector.

Floods, hurricanes, droughts - will climate change mean more wild weather ahead? That's a risk the insurance industry is taking very seriously, reports Peter Huck.

FMA orders firm to stop raising funds from public.